SEC Flags Concerns on Crypto ETFs Offering Staking Rewards
A potentially watershed effort to launch US crypto exchange-traded funds that offer staking rewards is throwing up regulatory doubts, even after the funds said they received initial SEC registration approval.
Issuers REX Financial and Osprey Funds are targeting to launch ETFs tracking Ethereum and Solana that offer staking exposure,
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Read MoreStock market today: Dow, S&P 500, Nasdaq mixed as US-China trade tensions flare up again
In May, economic activity in the US manufacturing sector contracted further.
The Institute for Supply Management’s (ISM) manufacturing PMI registered a reading of 48.5 in May, up from April’s reading of 48.7. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction.
Read MoreFMCG penny stock jumps 6% despite stock market crash; here’s why
Sarveshwar Foods share price jumped over 6% on Monday after the company reported its Q4 results. The penny stock spiked as much as 6.32% to ₹7.56 apiece on the BSE. The gains in Sarveshwar Foods shares came despite broader weakness in Indian stock market today.
FMCG company Sarveshwar Foods reported its financial results for the fourth quarter of FY25 and full financial year 2024-2025 on Saturday,
» Read more about: FMCG penny stock jumps 6% despite stock market crash; here’s why »
Read MoreTrump and Xi to talk China trade war after US president rages over rare-earths restriction
WASHINGTON — President Trump plans to speak by phone with Chinese President Xi Jinping sometime this week after tensions flared up over Beijing’s continued export restrictions on rare-earth elements used for batteries, industrial magnets and high-tech equipment.
Trump, who vented about the status of a preliminary tariff-reducing pact on Friday,
Read MoreWhat to expect from Apple's WWDC event as Wall Street looks for AI gains
Apple’s WWDC 2025 kicks off in Cupertino, Calif., on June 9, offering developers and users a look at the changes coming to the company’s software products throughout the next year.
During last year’s WWDC, Apple (AAPL) unveiled its Apple Intelligence AI platform.
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Read MoreThe Burst
Is Monster Growth Enough For This Space Data Stock?
Planet.com (PL) was one of the few stocks that defied the market trend last month by soaring over 30% in the few days after earnings alone.
The company, which operates a network of satellites to take pictures and provide data about the Earth, released its financial results for its fiscal second quarter.
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Read MoreThe Ivy
Market Commentary: Champion Trader Gets 941.1% Says SELL
Oliver Kell is a US Champion Trader who returned an audited 941.1% a few years ago in competition, blowing away all others in the field.
A return so astronomical cannot be done with luck. While any given trade can produce such a return through luck – for example, buying options prior to earnings and getting the direction right –
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